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Major Launch! Fudan University School of Management Unveils the Global MBA Program

SHANGHAI, March 21, 2026 /PRNewswire/ — On March 21, the “Enlightening for Truth, Leading Global Change: Fudan Global MBA Program Launch Event” was held at the Zhengli Campus of School of Management at Fudan University (FDSM).


Fudan University and FDSM leadership attending the event included Kui Su, Director of the International Students Office of Fudan University; Professor Xiongwen Lu, Dean of FDSM; Professor Ming Zheng, Associate Dean of FDSM; Professor Cheng Zhang, Assistant Dean of FDSM; Professor Liyin Jin, Assistant Dean of FDSM; Professor Rong Huang, Assistant Dean of FDSM, and distinguished guests from all sectors. Neng Cao, Director of Fudan MBA Program, presided over the launch event.

Dean Xiongwen Lu delivered a keynote speech titled “From Following to Leading: China’s Answer to the Mission of Business Schools.”

He noted that for the past 40 years, the discourse and knowledge framework of global management education have been dominated by Western business schools. Looking ahead, Chinese management education should adopt a more open and confident global stance, transitioning from a “knowledge receiver” to a “knowledge constructor,” and from an “experience learner” to a “system exporter.” By utilizing Chinese business practices, the globalization experience of Chinese enterprises, and Chinese-style management innovation as core content, a new era of management education, one that is diverse, globally-oriented, and leading future business transformation, will begin.

Dean Lu emphasized that the Fudan Global MBA Program marks a milestone for Chinese management thinking, practice and education to participate in the new round of international educational competition and advance the globalization of China’s business education. Its core philosophy is to enable young global talents to gain in-depth insights into advanced industries, technologies and business practices in China and Asia, and draw experience and inspiration therefrom. Against the rapid development of the Internet, AI and the Internet of Things, the program will adopt a hybrid online-offline teaching model to expose students to top-tier curricula and research achievements. Through classroom learning, extracurricular practice and cross-cultural interaction, students will not only sharpen their professional skills but also cultivate a global vision and build comprehensive competence integrating theory and practice. More importantly, this will foster broader consensus among all parties and inject new momentum into the global economy. He sincerely invited all sectors of society to join this global cooperation journey and turn this vision into reality together.

Neng Cao, Director of Fudan MBA Program, introduced the detailed curriculum of the Fudan Global MBA Program in a presentation titled “Blossoming: The Global MBA for a New Era.”

He stated that the Fudan Global MBA Program aims to cultivate a new generation of global management talent with a deep understanding of Chinese culture, business wisdom, and global governance logic. This will promote the international dissemination of management thoughts with independent intellectual property rights, contributing “Chinese wisdom” to the development of global management science and elevating the voice and influence of Chinese management education on the global stage.

Centering on the “Fudan Global MBA” brand, the program integrates five value pillars: “China & World, Technology & Management, Culture & Business, Digital Intelligence & On-site Experience, and Academy & Industry.” Students will have a unique learning experience encompassing educational, experiential, career, cultural and resource value through four distinctive learning scenarios:

  • Digital Knowledge Learning: Supported by digital technologies, the program integrates and develops core courses covering AI, Chinese industries, Chinese economy and Oriental management. It enables customized and modular learning, breaking the time and physical constraints of traditional classrooms to better suit global and part-time students across regions.
  • Immersive Industry and Talent Connection: Implementing asynchronous collaboration, digital twin campuses, and VR/AR technology to foster immersive links between students, complemented by offline activities to strengthen intuitive understanding of Chinese business and culture.
  • Action Learning for Real-world Problems: Leveraging 20 years of Fudan MBA Action Learning experience, the program focuses on three project types: “Globalizing Chinese Enterprises,” “Foreign Enterprises Entering the Chinese Market,” and “Business Challenges of Local Enterprises.” Students of this program will collaborate closely with Fudan MBA students to solve real business problems, sparking multi-perspective thinking and creating potential career opportunities. For student entrepreneurs, their projects will be included in a pre-admission communication and management process for Practical Achievements from the application stage, enabling precise resource matching to empower their entrepreneurial success.
  • Lifelong Learning and Career Services: Graduates will enjoy lifelong digital updates for knowledge and career development services, including AI-matched recruitment information for Chinese enterprises overseas and foreign enterprises in China.

Neng Cao noted that the program is primarily designed for international students, featuring a part-time model, English-taught curriculum, and a 2-year duration.

The official Fudan Global MBA logo was also unveiled at the event by the attending leadership.

Since its re-establishment in 1985, FDSM has been rooted in Chinese business practices, engaged with cutting-edge global ideas, and implemented a proactive internationalization strategy of “going global and bringing in. It has established extensive exchanges and partnerships with 116 renowned universities and research institutions across 32 countries and regions, including the United States, Italy, Norway, the United Kingdom, Australia, the Republic of Korea, and Hong Kong of China.

In 2009, FDSM received EQUIS accreditation from EFMD and successfully completed five-year re-accreditation in 2012, 2017 and 2023. Meanwhile, FDSM earned AACSB accreditation in 2010, followed by five-year re-accreditation in 2015 and 2020, and a six-year re-accreditation in 2025.

In the Financial Times Global EMBA 2025 Rankings, FDSM achieved its highest-ever result, with its programs ranking among the global top tier in overall and category-specific rankings. Four participating programs entered the global top 25, making FDSM the world’s only business school with four programs simultaneously ranked in the global top 25. Additionally, Fudan MBA Program remained in the global top 30 in the Financial Times Global MBA 2026 Rankings.

Official Links

 

RyzoBee Announces Root Series Kickstarter Launch Planned for Q2 2026, Bringing Modular RootMaker Electronics to Makers and 3D Printing Creators in North America and Europe

HONG KONG, March 21, 2026 /PRNewswire/ — RyzoBee today announced that its Root Series is planned to launch on Kickstarter in Q2 2026 for the North American and European markets (timing subject to confirmation). In response to growing maker-community demand for more interactive 3D-printed creations, RyzoBee aims to provide 3D printing creators and makers with a modular electronics system centered around RootMaker—helping static prints gain lighting, motion, sensing, and networked interaction more quickly, and bringing projects closer to a showcase-ready, replicable finished state.

Ryzobee Rootmaker - The electronic brain for 3D prints—mount it in the base, go interactive.
Ryzobee Rootmaker – The electronic brain for 3D prints—mount it in the base, go interactive.

For many creators, the real hurdle isn’t modeling or printing—it’s what comes after: wiring, power, drivers, scattered resources, and a debugging process that’s hard to replicate reliably. Unlike traditional development boards that require manual wiring and piecemeal tutorials, RootMaker combines standardized connections and a consistent hardware form factor with ready-to-use firmware templates and a guided setup flow—making it easier to light up LEDs for the first time, drive motors, read sensors, or enable a web-based control panel in a more beginner-friendly, repeatable way.

As the central controller, RootMaker works with an expanding accessory ecosystem—including lighting, motors, sensors, and displays—and is paired with a web toolchain to streamline device management and template-based project workflows. Users can quickly flash firmware via the web toolchain, then complete configuration through the guided flow to get their project up and running. By standardizing previously fragmented debugging steps, the platform reduces repetitive troubleshooting and helps creators spend more time on design, interaction, and storytelling.

Designed for real-world integration, the Root Series also emphasizes “easy to mount, easy to use, easy to replicate” across both structure and expansion. It adopts a Technic-style mounting hole pattern to integrate smoothly with 3D-printed parts, kits, and modular frames, and plans to release an official open-source enclosure file library so users can start from a clean, printable baseline and customize from there. The platform also supports Arduino development: selected official projects will release Arduino code as open source, and Arduino IDE support will be provided (libraries and examples will be released alongside the Kickstarter launch).

RyzoBee will roll out community and content support across North America and Europe, including creator collaborations, quick-start materials, and open-source examples. To subscribe for Kickstarter launch notifications and get the latest updates, please visit: www.ryzobee.com

CONTACT: Ryzobee
pr@ryzobee.com

GardePro Launches World’s First 3,000ft (1km) Long Range Wireless Trail Camera, Breaking WiFi Distance Limits

NEW YORK, March 21, 2026 /PRNewswire/ — GardePro, an innovator in outdoor smart monitoring technology, has launched the GardePro Link 1.0 Long-Range Wireless Trail Camera System (Hub and R3 Pro trail camera). Leveraging advanced 802.11ah long-range wireless technology, the system overcomes the range limitations of traditional Wi-Fi trail cameras. It is the world’s first trail camera capable of 3,000ft (1km) wireless transmission, real-time alerts, centralized multi-camera management, and remote HD photo uploads.

GardePro Link 1.0 long-range wireless trail camera system with hub and camera.
GardePro Link 1.0 long-range wireless trail camera system with hub and camera.

For years, farmers, ranchers and property managers have struggled with persistent limitations in traditional monitoring systems: Wi-Fi cameras have short transmission ranges, making it difficult to cover large areas or send remote trigger notifications, while cellular trail cameras require costly monthly data subscriptions. Users have urgently needed a cost-effective and easy-to-deploy long-range solution. The Link 1.0 was developed precisely to fill this void, providing a far more efficient way to monitor large properties.

“Cellular trail cameras deliver reliable long-range monitoring but come with prohibitively high monthly fees, putting this feature out of reach for many,” said Andy J., CEO of GardePro. “We’re making outdoor monitoring accessible at a far lower cost. Moving forward, we will continue upgrading our products with larger batteries and AI features to better meet users’ needs.”

Built on an integrated long-range wireless architecture combining a hub and camera, GardePro Link 1.0 offers several key advantages:

  • Up to 3,000 ft / 1 km in clear line-of-sight conditions, and 1,600 ft / 485 m in typical use — nearly 20x the range of traditional Wi–Fi trail cameras.
  • Real-time mobile push and email alerts when the camera is triggered. The mobile app enables remote adjustment of camera settings, device status checks, HD media browsing, and live streaming.
  • A central hub that connects directly to a home Wi-Fi router, enabling stable remote access and management of up to 16 cameras for large-scale monitoring.
  • Comes with a FREE 64GB SD card—ready to use right out of the box.

GardePro Link 1.0 is available for purchase now. For more information, visit https://gardepro.com/

Early adopters are already proving the system’s capabilities in the field. Leo, who manages a 50-acre wooded property, shared: “I stay connected even 2,550ft from my tree stand. These cameras are the best! They’ve captured deer, coyotes, skunks, raccoons, opossums, and cats—wildlife we’d never seen before.”

Outdoor enthusiast Benjamin C. praised Link 1.0’s reliability: “Great long-distance performance. 4K Clear daytime photos and night shots—ideal for my outdoor setup. The battery life is also outstanding. After 15 days of use, it still has 90% battery left.”

About GardePro

Since 2016, GardePro has adhered to its core philosophy of “Beyond Limits. Scout Smarter, Not Harder.” The company specializes in the R&D of high-performance trail cameras. GardePro products are widely used in hunting, farm management, security and wildlife observation, earning the trust of more than 8 million users worldwide.

Media Contacts
Company name: GardePro
Email address: market@gardepro.com

Sprinto Launches Autonomous Trust Platform–Moving Compliance From Automated to Autonomous

3,000+ companies now run trust on Sprinto, the platform replacing human-directed automation with governed agents that drive compliance to closure on their own

SAN FRANCISCO, March 21, 2026 /PRNewswire/ — Sprinto, the leading GRC and compliance automation platform, today launched its Autonomous Trust Platform, the first compliance infrastructure built around autonomous agents. This marks a shift from tools that assist compliance teams to systems that actively run compliance.

While compliance automation streamlined workflows and reduced manual effort, it still relies on humans to interpret changes, coordinate work, and drive issues to resolution. Autonomous Trust closes this gap.

Sprinto continuously monitors changes across systems, vendors, access, and AI usage, evaluates their impact in real time, and autonomously executes the work required to maintain compliance—from refreshing evidence and preparing audit artifacts to running vendor due diligence and resolving control gaps.

“Compliance automation still needs someone at the wheel. That was the right model for the last decade, but it doesn’t scale into the next one,” said Girish Redekar, Co-founder and CEO of Sprinto. “Autonomous Trust is the shift—humans for judgment, agents for everything else.”

The Autonomous Trust Platform is available now. Learn more at sprinto.com.

About Sprinto

Sprinto is the world’s first Autonomous Trust Platform, detecting change across your posture, determining what’s at risk, and acting across compliance, vendor risk, AI governance, and more, so your organization stays trustworthy without the operational chaos.

Sprinto is trusted by 3,000+ companies across 75 countries, including Emergent, CodeRabbit, Anaconda, and Whatfix. The platform supports 200+ global standards, including SOC 2, ISO 27001, GDPR, HIPAA, PCI-DSS, and ISO 42001, for AI governance across 300+ integrations.

Media Contact:
Payal Wadhwa
press@sprinto.com

 

Dizal Announces Positive Topline Phase 3 Results from WU-KONG28 Study: Evaluating Oral, Once-Daily ZEGFROVY® (Sunvozertinib) vs. Platinum-Containing Chemo Doublet in First-Line Non-Small Cell Lung Cancer (NSCLC) with EGFR Exon 20 Insertion Mutation (exon20ins)

  • Treatment with ZEGFROVY® resulted in statistically significant and clinically meaningful improvement in progression free survival (PFS) over platinum-containing chemo doublet
  • WU-KONG 28 is the first and only phase 3 study to demonstrate meaningful benefits with an oral, once daily, chemo-free, targeted therapy
  • In addition to improvement in PFS, ZEGFROVY® also showed superior results in all secondary endpoints, including cORR, DOR, DCR, compared to platinum-based chemo doublet
  • ZEGFROVY® was generally well tolerated with a safety profile consistent with previous studies  

SHANGHAI, March 21, 2026 /PRNewswire/ — Dizal (SSE:688192) today announced that its multinational Phase 3 WU-KONG28 study evaluating ZEGFROVY® (sunvozertinib) monotherapy as first-line treatment in non-small cell lung cancer (NSCLC) with EGFR exon 20 insertion mutations (exon20ins) met its primary endpoint with positive topline results.

The findings suggest that ZEGFROVY monotherapy has the potential to become the first and only chemo free, oral agent to treat newly diagnosed NSCLC patients with EGFR exon20ins.

WU-KONG28 is a multinational, open-label, randomized confirmatory phase 3 study evaluating ZEGFROVY versus platinum-based chemotherapy as first-line treatment in advanced NSCLC patients with EGFR exon20ins. The study enrolled patients across 16 countries and regions in Asia, Europe, North America and South America. The primary endpoint is progression-free survival (PFS) assessed by blinded independent central review (BICR). Topline results demonstrated that ZEGFROVY significantly improved PFS compared to platinum-based doublet chemotherapy, with meaningful clinical benefit. Detailed data from the primary analysis will be submitted for presentation at an upcoming international scientific congress.

“Finding a drug targeting EGFR exon 20 insertion mutations is especially challenging due to their enormous heterogeneity. We have identified over 100 different subtypes of EGFR exon20ins clinically. Despite tremendous efforts, there is no success yet in finding an effective target drug that can spare patients from chemotherapies. WU-KONG28 study has the potential to change all that.” said Dr. Xiaolin Zhang, CEO of Dizal. “The success of this multinational pivotal study further validates ZEGFROVY’s potential as first-line therapy for patients with EGFR exon20ins NSCLC. We extend our sincere gratitude to the patients, their families, and the investigators worldwide for their dedication and contribution to this study. We look forward to sharing comprehensive data with the global scientific community.”

“The positive topline results from WU-KONG28 study represent an important advancement for treating patients with EGFR exon20ins NSCLC,” said Prof. Caicun Zhou, MD, PhD of Shanghai East Hospital and the principal investigator of the study. “ZEGFROVY is currently the only single-agent, small-molecule targeted therapy approved in both China and the United States for patients with EGFR exon 20 insertion NSCLC. In this Phase 3 trial, first-line treatment with ZEGFROVY significantly prolonged PFS compared to platinum-based doublet chemotherapy. These results suggest that ZEGFROVY may offer an effective and convenient treatment option for treatment-naïve patients with EGFR exon20ins NSCLC.”

ZEGFROVY was previously approved in both China and the U.S. for the treatment of relapsed or refractory NSCLC with EGFR exon20ins. In the first-line setting, ZEGFROVY has been granted Breakthrough Therapy Designations by both the U.S. Food and Drug Administration (FDA) and China Center for Drug Evaluation (CDE). Based on WU-KONG28 study results, Dizal plans to engage with regulatory authorities regarding potential new drug applications (NDAs).

About ZEGFROVY®(sunvozertinib)

ZEGFROVY is an irreversible EGFR inhibitor discovered by Dizal scientists targeting a wide spectrum of EGFR mutations with wild-type EGFR selectivity. ZEGFROVY is approved in the U.S. and China for the treatment the treatment of adult patients with locally advanced or metastatic non-small cell lung cancer (NSCLC) with epidermal growth factor receptor (EGFR) exon 20 insertion mutations (exon20ins), whose disease has progressed on or after platinum-based chemotherapy. The approval in China is based on the results of the pivotal WU-KONG6 study in platinum-based chemotherapy pretreated NSCLC with EGFR exon20ins. The U.S. approval is supported by WU-KONG1 Part B, a multinational pivotal study investigating the efficacy and safety of ZEGFROVY in the same indication.

In addition, ZEGFROVY also demonstrated encouraging anti-tumor activity in NSCLC patients with EGFR sensitizing, T790M, and uncommon mutations, as well as HER2 exon20ins.

ZEGFROVY showed a well-tolerated and manageable safety profile in the clinic. The most common drug-related TEAEs (treatment-emergent adverse event) were Grade 1/2 in nature and clinically manageable.

WU-KONG28, a multinational, randomized Phase 3 study conducted across 16 countries and regions evaluating ZEGFROVY as first-line treatment for patients with EGFR exon20ins NSCLC, met its primary endpoint.

Pre-clinical and clinical results of ZEGFROVY were published in peer-reviewed journals Cancer Discovery, The Lancet Respiratory Medicine and Journal of Clinical Oncology.

About Dizal

Dizal is a biopharmaceutical company, dedicated to the discovery, development and commercialization of differentiated therapeutics for the treatment of cancer and immunological diseases. The company aims to develop first-in-class and groundbreaking new medicines, and further address unmet medical needs worldwide. Deep-rooted in translational science and molecular design, it has established an internationally competitive portfolio with multiple assets in global pivotal studies. Dizal has two approved: ZEGFROVY, approved in both the U.S. and China, and golidocitinib, approved in China. To learn more about Dizal, please visit www.dizalpharma.com, or follow us on Linkedin or X.

Forward-Looking Statements

This news release may contain certain forward-looking statements that are, by their nature, subject to significant risks and uncertainties. The words “anticipate”, “believe”, “estimate”, “expect”, and “intend” and similar expressions, as they relate to Dizal, are intended to identify certain forward-looking statements. Dizal does not intend to update these forward-looking statements regularly.

These forward-looking statements are based on the existing beliefs, assumptions, expectations, estimates, projections, and understandings of the management of Dizal with respect to future events at the time these statements are made. These statements are not a guarantee of future developments and are subject to risks, uncertainties, and other factors, some of which are beyond Dizal’s control and are difficult to predict. Consequently, actual results may differ materially from information contained in the forward-looking statements as a result of future changes or developments in our business, Dizal’s competitive environment, and political, economic, legal, and social conditions.

Dizal, the Directors, and the employees of Dizal assume (a) no obligation to correct or update the forward-looking statements contained on this site; and (b) no liability in the event that any of the forward-looking statements does not materialize or turn out to be incorrect.

Contacts
Investor Relations: ir@dizalpharma.com
Business Development: bd@dizalpharma.com
Media Contact: pr@dizalpharma.com

Vietnam Steps In to Supply Laos With 50 Million Litres of Fuel Amid Crisis

Laos Secures 50 Million Litres From Vietnam as Thai Supply Shrinks (Photo: Lao Ministry of Industry and Commerce)

Vietnam will supply Laos with 50 million litres of fuel after Thailand cut exports by 25 percent amid the Middle East conflict.

Lao Minister of Industry and Commerce Malaithong Kommasith sealed the deal on 20 March in Hanoi, meeting his Vietnamese counterpart Le Manh Hung.

The crisis has already forced Laos to cut the school week for higher education institutions to three days, encouraged civil servants to work from home, and triggered emergency measures nationwide.

How the Crisis Unfolded

Thailand suspended all refined oil exports on 1 March, exempting only Laos and Myanmar.

Thai Prime Minister Anutin Charnvirakul confirmed on 21 March that exports to Laos will continue but have dropped 25 percent, to 5.29 million litres per day. Myanmar now receives 300,000 litres per day, down 20 percent.

Thailand supplies over 97 percent of Laos’ refined fuel. Anutin defended the continued exports by pointing to energy ties with Laos.

As of 11 March, 1,068 of Laos’ 2,538 petrol stations had shut, according to government data.

Vietnam Steps In

Laos moved to find alternatives amidst the ongoing crisis. On 21 March, Vietnam assigned a state fuel company to deliver the 50 million litres directly. Hanoi also agreed to let Laos transit fuel from third countries through Vietnamese territory.

The two ministers also agreed on a broader package. Vietnam will buy more electricity from Laos. Both sides will develop cross-border power infrastructure and build fuel storage facilities and pipelines along the border to cut transport costs.

On trade, both countries are targeting USD 5 to 10 billion in bilateral trade by 2030. Two flagship infrastructure projects on the agenda are the Vientiane–Hanoi expressway and a railway linking Laos to Vietnam’s Vung Ang port.

Thai PM Anutin Reassures Laos of Continued Fuel Supply Amid 25 Percent Cut

Thai Prime Minister Anutin Charnvirakul and Lao Prime Minister Sonexay Siphandone in Vientiane, Laos. 17 October 2025.

Thailand’s Prime Minister Anutin Charnvirakul has reassured Laos that refined oil exports will continue despite the ongoing Middle East conflict, though volumes have been reduced by 25 percent to 5.29 million liters per day.

Thailand suspended all refined oil exports on 1 March following the outbreak of the Middle East crisis, with Laos and Myanmar the only two exceptions. 

The reassurance came following the 19 March meeting of Thailand’s Center for Management and Monitoring of the Middle East Conflict Situation, shortly after Anutin returned from a state visit to Laos accompanying the Thai King and Queen from 16 to 18 March.

Myanmar also continuing to receive 300,000 liters per day, down 20 percent from previous levels.

Anutin justified maintaining exports to Laos by citing mutual energy dependencies. Laos, widely known as the “Battery of Southeast Asia” for its extensive hydropower network, supplies a significant share of Thailand’s electricity. 

The supply cut carries serious consequences for Laos, which imports all of its refined fuel from abroad, with Thailand accounting for over 97 percent of that supply last year. Laos was also Thailand’s second-largest oil export destination in 2025 by volume, receiving over 210 million liters, or roughly 20 percent of Thailand’s total fuel exports.

Fuel shortages felt across the country

The Ministry of Industry and Commerce reported as of 11 March that 1,068 of Laos’ 2,538 petrol stations nationwide had closed, roughly 42 percent, with the transportation, logistics, and agriculture sectors among those most affected. 

The situation in the capital has since been closely monitored: as of 21 March, only 144 of 255 petrol stations in Vientiane Capital remain operational, according to the Vientiane Capital Department of Industry and Commerce.

The Lao government issued a notice on 20 March reducing in-person teaching days at colleges and universities from five to three days per week to curb fuel consumption, while general schools continue operating normally on a five-day schedule.

FiEE, Inc. Announces Fourth Quarter and Full-Year 2025 Financial Results

Full-Year Revenue Growth of 867.9% Year-over-Year
Achieved Net Income Turnaround in Fiscal Year 2025

HONG KONG, March 21, 2026 /PRNewswire/ — FiEE, Inc. (NASDAQ:FIEE) (“FiEE” or the “Company”), a technology company integrating IoT, connectivity and AI to redefine brand management solutions in the digital era, today announced its financial results for the fourth quarter and full-year ended December 31, 2025.

Operational and Financial Highlights for the Year Ended December 31, 2025

  • Revenue increased 867.9% year-over-year to approximately $6.2 million. The increase in revenue primarily reflects the Company’s strategic transition from legacy hardware operations to SaaS solutions, with a new business model focusing on integrating AI and big data into content creation and brand management. Notably, during March 2025, we successfully secured our first customer orders and generated initial sales, marking a critical milestone in the strategic pivot. Our target clients are individuals or entities seeking to grow their online presence as influencers or content creators.
  • Gross profit increased 2,483.0% year-over-year to approximately $5.4 million. Gross margin improved significantly to 86.4%, as compared to 32.4% in the prior year.
  • Net income was approximately $1.1 million, representing a turnaround from a net loss of $4.2 million in the prior year.
  • Net cash provided by operating activities was approximately $3.6 million during the year ended December 31, 2025.
  • During 2025, the Company onboarded approximately 800 customers. The newly onboarded customers in 2025 led to SaaS – MCN digital service fees totaling $6.8 million, of which $5.3 million was recognized as revenue in 2025.
  • The Company introduced customized software services in July 2025. As of December 31, 2025, we have secured contracts totaling $1.2 million for customized software services, a portion of which was recognized as revenue in 2025 based on the progress of completion. As of December 31, 2025, we successfully signed contracts with 13 customers for these customized software services, with related accounts receivable amounting to $0.6 million.
  • Through the acquisition of Houren-Geiju Kabushikikaisha, a Japanese technology company specializing in digital authentication services for art collections, in November 2025, we added the ability to provide digital authentication services. As of December 31, 2025, digital authentication services generated $0.3 million in revenue, serving one corporate client and 38 individual clients. This service leverages AI and blockchain technology to provide authentication, certification, and display services for artworks and collectibles, further diversifying our revenue streams.

Operational and Financial Highlights for the Fourth Quarter Ended December 31, 2025

  • Revenue was approximately $4.2 million, compared to $1.9 million for the three months ended September 30, 2025. The increase was primarily driven by the full launch of our new business operations following the strategic transformation.
  • Gross profit was approximately $3.7 million, compared to $1.6 million for the three months ended September 30, 2025.
  • Net income was approximately $2.3 million, compared to a net loss of $0.3 million for the three months ended September 30, 2025.

Rafael Li, Chief Executive Officer of FiEE, commented, “We are pleased to report a strong fourth-quarter and full-year 2025 performance, with full-year revenues rising 867.9% year-over-year to approximately $6.2 million, supported by our changing strategic focus from hardware operations to SaaS solutions. Despite receiving our first customer orders in March 2025, we were able to onboard 800 customers in the span of 10 months, while significantly boosting our gross margin by 54.0 percentage points to 86.4%. As a result, FiEE expects its profit turnaround in 2025 to lay a solid foundation for sustainable performance.”

Mr. Li further mentioned, “Looking ahead, we plan to remain committed to investing in R&D to expand our service offerings, enhance customer experience, and deliver greater brand value across the digital content landscape. In addition to organic growth, we also plan to keep a keen eye on other external opportunities, in an attempt to further accelerate business growth and create greater value for our stockholders.”

Financial Results for the Year Ended December 31, 2025

Revenue was approximately $6.2 million, compared to approximately $0.6 million in the same period of fiscal year 2024.

Revenues

Year Ended December 31,

%

2025

2024

change

$

$

YoY

Product sales

  • Cable modems & gateways

$

$

638,804

(100.0) %

  • Other networking products

1,089

(100.0) %

  • SaaS – MCN digital services

5,275,761

N/A

  • Software services

588,811

N/A

  • Digital authentication services

329,044

N/A

Total

$

6,193,616

$

639,893

867.9 %

Gross profit was approximately $5.4 million, compared to approximately $0.2 million in the same period of 2024.

Gross margin was 86.4%, compared to 32.4% in the same period of 2024.

Operating expenses were approximately $3.8 million, representing a decrease of 14.4% from $4.4 million in the same period of 2024.

  • Selling and marketing expenses were approximately $0.4 million, representing an increase of 531.7% from $0.07 million in the prior year, primarily due to the Company’s business transformation. In 2024, the Company was in a transition period with reduced legacy operations, resulting in low sales support costs. In 2025, with the full launch of new business operations, the Company increased marketing activities and investments to promote its digital content services, software development services, and digital authentication services.
  • General and administrative expenses were approximately $3.3 million, representing an increase of 61.8% from $2.1 million in the prior year. The increase was primarily due to the reallocation of our business operation from hardware-focused to software-focused and cost reduction efforts in 2024, which significantly reduced expenses associated with personnel, administrative support, and related infrastructure. The warrant issuance to Mr. David Lazar, a former director and officer of the Company, accounted for approximately $1.0 million in warrant expenses in the third quarter of 2025, representing over 84.3% of the total increase in general and administrative expenses in 2025.
  • Research and development expenses were approximately $0.05 million, representing a decrease of 58.1% from $0.1 million in the prior year. The research and development expenses incurred in 2025 were primarily related to software subscriptions and support costs. The research and development expenses may fluctuate depending on the timing and number of development activities, and could vary significantly as a percentage of revenues, depending on actual revenues achieved in any given year.

Operating income was approximately $1.6 million, as compared to a loss of $4.2 million in the prior year.

Net income was approximately $1.1 million, representing a turnaround from a loss of $4.2 million in the prior year.

Diluted earnings per common share was $0.10, as compared to a loss of $1.34 in the prior year.

As of December 31, 2025, total cash was $3.1 million, as compared to $0.03 million as of December 31, 2024.

About FiEE, Inc.

FiEE, Inc. (NASDAQ:FIEE), formerly Minim, Inc., was founded in 1977. It has a historical track record of delivering comprehensive WiFi/Software as a Service platform in the market. After years of development, it made the strategic decision to transition to a Software First Model in 2024 to expand its technology portfolio and revenue streams. In 2025, FiEE, Inc. rebranded itself as a technology company leveraging its expertise in IoT, connectivity, and AI to explore new business prospects and extend its global footprint.

FiEE, Inc.’s services are structured into four key categories: Cloud-Managed Connectivity (WiFi) Platform, IoT Hardware Sales & Licensing, SAAS Solutions, and Professional To-C and To-B Services & Support. Notably, FiEE, Inc. has introduced its innovative Software as a Service solutions, which integrate its AI and data analytics capabilities into content creation and brand management. This initiative has led to the nurturing of a robust pool of KOLs on major social media platforms worldwide, assisting them in developing, managing, and optimizing their digital presence across global platforms. FiEE, Inc.’s services include customized graphics and posts, short videos, and editorial calendars tailored to align with brand objectives.

Forward-Looking Statements

In addition to historical information, this press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Forward-looking statements, written, oral or otherwise made, represent the Company’s expectation or belief concerning future events. Without limiting the foregoing, the words “believes,” “expects,” “may,” “might,” “will,” “should,” “seeks,” “intends,” “plans,” “strives,” “goal,” “estimates,” “forecasts,” “projects” or “anticipates” or the negative of these terms and similar expressions are intended to identify forward-looking statements. Forward-looking statements included in this press release may include, among others, statements relating to (i) the future financial position and performance of the Company, (ii) our ability to successfully implement our strategic business transformation, (iii) our long-term growth objectives and opportunities, (iv) our commitment to investing in R&D to expand our service offerings, enhance customer experience, and deliver greater brand value across the digital content landscape and (v) our plans to further accelerate business growth and create value for our stockholders.

By nature, forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or implied by the forward-looking statement. In addition, there may be other factors of which we are presently unaware or that we currently deem immaterial that could cause our actual results to be materially different from the results referenced in the forward-looking statements. All forward-looking statements contained in this press release are qualified in their entirety by this cautionary statement. Although we believe that our plans, intentions and expectations are reasonable, we may not achieve our plans, intentions or expectations. Forward-looking statements are based on current expectations and assumptions and currently available data and are neither predictions nor guarantees of future events or performance. You should not place undue reliance on forward-looking statements, which speak only as of the date hereof. See “Risk Factors” and “Special Note Regarding Forward-Looking Statements” included in the Company’s filings with the U.S. Securities and Exchange Commission, including the Company’s most recent annual report on Form 10-K and other risk factors described from time to time in subsequent quarterly reports on Form 10-Q or other subsequent filings. The Company undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.

For investor and media inquiries, please contact:
Email: fiee@dlkadvisory.com
(financial tables follow)

 

FIEE, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

As of December 31,
(unaudited)

2025

2024

ASSETS

$

$

Current assets

Cash

3,084,461

30,162

Accounts receivable

2,110,715

Other receivable

1,217,692

Prepaid expenses and other current assets

199,309

134,757

  Total current assets

6,612,177

164,919

Property, equipment and software, net

366,439

119,871

Intangible assets

3,529,835

Operating lease right-of-use assets, net

31,004

Other assets

231,680

22,245

  Total assets

10,771,135

307,035

LIABILITIES AND STOCKHOLDERS’ EQUITY

(DEFICIT)

Current liabilities

Accounts payable

511,206

143,414

Contract liabilities

1,497,721

Accrued expenses and other current liabilities

1,169,737

293,613

Income tax payables

972,743

Current maturities of operating lease liabilities

30,350

  Total current liabilities

4,181,757

437,027

    Total liabilities

4,181,757

437,027

Stockholders’ equity (deficit)

Preferred stock

1,639,779

1,639,779

Common stock

79,341

37,138

Additional paid-in capital

100,500,280

94,886,147

Accumulated deficit

(95,621,579)

(96,694,013)

Accumulated other comprehensive (loss) income

(8,443)

957

  Total stockholders’ equity (deficit)

6,589,378

(129,992)

  Total liabilities and stockholders’ equity (deficit)

10,771,135

307,035

 

 

FIEE, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF

OPERATIONS AND COMPREHENSIVE INCOME (LOSS) SHEETS

  Years ended December 31,
(unaudited)

2025

2024

$

$

Revenues

6,193,616

639,893

Cost of revenues

840,018

432,634

Gross profit

5,353,598

207,259

Operating expenses:

Selling and marketing

418,011

66,171

General and administrative

3,337,649

2,062,441

Research and development

47,419

113,294

Vendor liability forgiveness, net of asset transfers

2,200,929

   Total operating expenses

3,803,079

4,442,835

Operating income (loss)

1,550,519

(4,235,576)

Other income (expense):

Interest income (expense), net

(8,953)

82

Foreign currency exchange loss

(14,315)

Other, net

(6,613)

Total other income (expense)

(29,881)

82

Income (loss) before income taxes

1,520,638

(4,235,494)

Income tax expense(benefit)

448,204

(11,216)

Net income (loss)

1,072,434

(4,224,278)

  Allocation to participating preferred stock

(391,125)

Net income (loss) attributable to common stockholders

681,309

(4,224,278)

Basic earnings (loss) per common share

0.12

(1.34)

Diluted earnings (loss) per common share

0.10

(1.34)

Weighted-average number of common shares outstanding:

  Basic

5,622,077

3,159,061

  Diluted

7,080,633

3,159,061

Net income (loss)

1,072,434

(4,224,278)

Other comprehensive income (loss), net of tax:

Foreign currency translation adjustment

(9,400)

Total comprehensive income (loss)

1,063,034

(4,224,278)